Comics are a business that is relatively insulated from the ups and downs of the economy: things are ALWAYS marginal. While there’s no doubt but that the global recession has impacted the comics industry — especially with customers dealing with price increases — quite frankly, there wasn’t a lot to cut back. There’s a good living to be made in comics, and many people do, but no one is buying a yacht — or not very many anyway. And maybe comics are a survival industry because it seems like everyone is just one or two issues away from square one.

Numerous reports this morning that the print version of Wizard Magazine is shutting down, effective immediately, with all staff laid off and
assignments canceled. According to Bleeding Cool, ToyFare magazine will continue. And based on the number of tweets coming out of the Wizard World convention business, the Wizard World shows will also continue.

According to a press release just released from Gareb Shamus, Wizard will continue as an online “Wizard World” Magazine. In addition, the previous Wizard corporation is being replaced by Wizard World, a new public company, which is being traded as a penny stock.

From what we’re hearing, it’s going to be a rough year in the business end of comics — the herd will be thinned. And here’s one that’s lagging behind as the hyenas circle: Russ Cochran is one of the survivors of the pre-direct market days as an independent publisher, specifically known for his extensive reprinting of the EC comics long before classic comics reprints were commonplace. His publishing company was purchased by Diamond in 1993, and formed the foundation of much of the Gemstone line of EC and Disney reprints. While Gemstone’s actual publishing has been shut down (after running up hefty printing bills), Cochran continues to put out his own line of EC reprints, licensed through the Gaines Estates. However, according to a recent mailer, even that modest business is in trouble:

I’m going to have to be completely honest with you now. My business, which has been in existence since 1971…that’s FORTY YEARS…is in financial trouble, and unless something changes soon, I will be closing my doors before 2011 is over.

The publisher of Devil’s Due, which seems to have gone on hiatus after selling many of its characters to Arcana, has moved to a tell-it-like-it-is blog and various ventures like his events company Pop Cultour. Although the most recent years of Devil’s Due was filled with charges of non-payment to freelancers, no one can say Blaylock isn’t a student of the game. He has some very good advice re S! corporations here, and another blunt post calledWill February ’11 Be a Comic Book Direct Market Massacre? Like many industry watchers, he feels the price CUT coming in February is of some concern:

In the proud tradition of Superman fighting landmines and other great didactic comics of the past, Marvel and the Mayor’s Office of NYC have teamed for a comic book teaching New Yorkers about resources available for their job hunts. “Spider-Man, You’re Hired” “features an unemployed Peter Parker starting his job search, is the Administration’s latest effort to connect out-of-work to New Yorkers to job training and placement services.”

Over at iFanboy, Josh Flanagan continues this week’s succession of toilet metaphors for the monthly sales figures with “Q3 Comic Book Sales Are in the Crapper”. We don’t agree with Flanagan’s overall distress — there is no need to “cross fingers” that comics will get through this rough patch. Let’s get one things straight in all this mishegoss: comics will continue on in some format either like or unlike the one we have today. Period. People have been proclaiming the death of comics for over 50 years and something new always comes along. The particular aspect of the present day comics industry that you or I are involved with may not make the jump but something else will. Them’s the breaks.

That aside, the article is interesting for the comments section, which doesn’t go for the knee-jerk complaint that big events are killing comics.